Eastern Europe: Peat Market 2022

Peat Market Size in Eastern Europe

In 2021, the East European peat market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a slight curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Peat Production in Eastern Europe

In value terms, peat production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined slightly in the following year.

Peat Exports

Exports in Eastern Europe

In 2021, exports of peat in Eastern Europe totaled X tons, rising by X% against the previous year. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2013 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, peat exports surged to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia was the key exporter of peat in Eastern Europe, with the volume of exports resulting at X tons, which was near X% of total exports in 2021. Estonia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (X%), Belarus (X%) and Russia (X%). Poland (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Russia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) remains the largest peat supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Estonia ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Latvia stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Estonia (+X% per year) and Lithuania (+X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the other leaders experienced more modest paces of growth.

Peat Imports

Imports in Eastern Europe

For the fourth consecutive year, Eastern Europe recorded growth in supplies from abroad of peat, which increased by X% to X tons in 2021. Overall, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, peat imports rose remarkably to $X in 2021. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) was the key importer of peat, comprising X% of total imports. It was distantly followed by Lithuania (X tons), the Czech Republic (X tons), Latvia (X tons), Hungary (X tons), Slovakia (X tons), Romania (X tons) and Ukraine (X tons), together constituting a X% share of total imports.

Imports into Poland increased at an average annual rate of +X% from 2012 to 2021. At the same time, Ukraine (+X%), Latvia (+X%), Romania (+X%), Lithuania (+X%), the Czech Republic (+X%), Slovakia (+X%) and Hungary (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +X% from 2012-2021. While the share of Poland (+X p.p.), Ukraine (+X p.p.) and Latvia (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Slovakia (-X p.p.), Lithuania (-X p.p.), Hungary (-X p.p.) and the Czech Republic (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported peat in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Poland, peat imports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Lithuania (+X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Romania ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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